Endogenous discounting, wariness, and efficient capital taxation

DOI10.1016/J.JET.2019.07.004zbMATH Open1422.91515OpenAlexW2941721694MaRDI QIDQ2324813FDOQ2324813

Authors: Juan Pablo Gama, Rodrigo Novinski, Aloisio Araujo, Mário R. Páscoa 

Publication date: 12 September 2019

Published in: Journal of Economic Theory (Search for Journal in Brave)

Full work available at URL: http://epubs.surrey.ac.uk/852316/1/Endogenous%20discounting%20-%20AAM.pdf

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zbMATH Keywords

general equilibriumtransversality conditionendogenous discountingmonetary equilibriumpure chargesefficient taxation

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) General equilibrium theory (91B50)

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Cited In (7)

• TAXING CAPITAL INCOME AS PIGOUVIAN CORRECTION: THE ROLE OF DISCOUNTING THE FUTURE
• Crashing of efficient stochastic bubbles
• Income taxation, wealth effects, and uncertainty: portfolio adjustments with isoelastic utility and discrete probability
• The marginal welfare cost of capital taxation: discounting matters
• Anticipation, learning and welfare: the case of distortionary taxation
• Effects of wariness on economic growth in overlapping generations models
• Quasi-hyperbolic discounting, paternalism and optimal mixed taxation

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